Audit CaseBackground of the StudyA remarkable trend in international business in recent years is the rapid globalization of markets for many goods and services (Douglas and Craig 1995). This phenomenon is largely the result of advances in transportation and communication technologies, coupled with reductions in barriers to international trade and investment (Levitt 1983; UNCTAD, various issues; World Bank 1997). Markets that were previously limited to the confines of a firms home country are now global or regional in scope. Consequently, firms of all kinds and sizes continue to enter foreign markets in large numbers. Widespread participation in international marketing by firms, including those that previously served only customers located in the home country, is expected to continue as more countries make their markets accessible to foreign investors (Kumar and Subramanian 1997). Further, many more firms are being forced to enter foreign markets as domestic competition intensifies and firms recognize that success in foreign markets can increase sales volume and improve cost position (Keegan and Green 1997).
An important development that has contributed to the widespread expansion into foreign markets by companies is the tremendous amount of economic cooperation existing among nations today. Todays economic cooperation ranges from treaties between two or more countries on reductions of barriers to trade to full-scale harmonization and unification of economic institutions and policies. The General Agreement on Tariffs and Trade (GATT), which is a treaty by 125 countries to promote trade among signatories to the treaty, has helped liberalize world merchandize trade. Over the years of its existence (from 1948 to 1995) members of GATT worked to minimize tariffs, quotas and other obstacles to international trade. The World Trade Organization (WTO) is the successor to GATT. In addition to taking over
t. reements to implement policies that reduce domestic competition, the GATT has also helped to expand the rights and benefits of economic actors.
To further advance global economic competitiveness, a recent report by the OECD states a growing concern with GATT: As more countries join the GATT, their international trade growth over the period has slowed substantially. In many ways, this could be partly explained by rising international competition.
A particularly significant factor is the lack of global economic growth. The GATT currently gives a country access to the goods, services, technology, capital and infrastructure needed to support an existing domestic economy, but not a specific national or international market. In the years following the initial implementation of the GATT, a growing number of countries have joined in this effort while still remaining on the sidelines. These countries, which include large exporters such as Japan, China, Russia, Germany, the United States, India, Taiwan, Japan, South Korea, and South Africa, have a different attitude toward GATT. While the number of GATT states is growing, they all have varying approaches, including the bilateral structure. As GATT membership grows, the major states that join the GATT are: China; Japan; Singapore; the United States; France • the United States • Singapore • Malaysia • Korea • Brazil • Canada • Germany • Italy • Singapore and
On Friday, May 21st, 2015 at 9:55 AM CDT, Jonathan B. Schwartz, President and Chief Executive Officer & General Counsel, General Electric Company. > > Attachment:
Award of The American Innovation Award To the American Board of Research and Education (ANOR) for its extensive contributions in providing critical research education to Americans, including the American School Association.
On May 24th 2015, B.J. was appointed Chairman of the B.J. Greenberg Foundation Board, which he has held since 2007. As President and President of the B.J. Greenberg Foundation, B.J. served as the president of the Board of Trustees and as President of the Board of Trustees of the A.P.A. (Association of American Associations) from 1978 to 2004. Prior to that, he was Chairman of the Board of Governors of the New York Teachers College (TESC) from 1986 through 1993. B.J. served as President of the Board of Trustees (AGL) and Director of Public Policy (Public Policy) from 1992 to 1993.
The AGL is recognized for its work in protecting public health, education, and welfare that was previously known in other schools.
B.J. has served in the State of Mississippi to assist teachers and principals through a strong program of training and training to facilitate community-wide initiatives that will provide opportunities for all participants. He was recognized with several awards in 2010 by the State of Mississippi School Association, and has been recognized as a Special Teacher for the Year last year. Prior to that, he served as an Attorney General at the American Bar Association. He is currently an Associate Professor. In fact, B.J. served as an Associate Dean